Etched completed $700 million in financing, valued at $21 billion

Wu stated that it had been informed that Etched, an AI chip start-up company, had announced the completion of $700 million in financing and that the company ' s valuation had reached $21 billion, with investments including Jane Street, Klein Perkins, Sequoia, A16Z, Peter Thiel, BCV and Blackstone. Etched had previously been supported by Galaxy and had completed round A financing in 2024. The company indicated that the first AI chip server rack had been delivered to Jane Street and that it planned to continue to build an infrastructure oriented towards quick and low-cost AI reasoning。